Tac acoma oma Pu Public ic Uti tilit itie ies Public, - - PowerPoint PPT Presentation

Tac acoma

• ma Pu

Public ic Uti tilit itie ies

​Our mission:

Tacoma Public Utilities provides services that are vital to our quality of life.

​Public, cost-of-service organization; we don’t pay investors Part of the community since 1893 Led by a 5-member Public Utility Board appointed by the Mayor of Tacoma and confirmed by the City Council ​Jackie Flowers is the new Director

• f Public Utilities

2

Our service area

3

​Our long-term perspective benefits future generations

​Our energy portfolio is at least 97% carbon-free, making Tacoma Power one the cleanest utilities in the world. ​We have an ample, sustainable water supply. ​We manage our water and power supplies so we can meet customers’ needs for decades to come. ​Our water system relies primarily on gravity, minimizing the electricity needed. ​We are stewards of our environment by protecting lands, fish and wildlife.

4

​Our overarching rates principles

• We only bill customers for the costs

required to run our business.

• Our rates are based on the cost to

serve each customer class.

• We allocate costs fairly amongst all

customer classes.

• Our rate structure provides stable and

predictable bills for customers.

5

​2019/2020 Residential rate proposal

​Adjustments ustments ar are e per er yea ear for both both 2019 9 an and 2020 020

2019 2020 2020

$1.27 average increase $1.33 average increase

• $1.90 PFP decrease
• $0.63 net decrease

$1.33 net increase

6

​Power er

• 2.0% system average increase
• 0.9% for residential customers
• $0.84 average increase in 2019
• $0.85 average increase in 2020

​Wat ater er

• 2.5% system average increase
• 2.9% for residential customers

7

​Average monthly residential electric bill

Assumed average usage. Individual customer bills may be higher or lower depending

• n usage.

$93.80 $94.64 $95.49

$- $20 $40 $60 $80 $100 Current 2019 2020

$0.84 $0.85

​Keeping Power Rates Low

8

The 2% annual average rate increase recovers inflationary increases in operating and capital expenses. Operating and capital expenses in 2019 & 2020 include:

• Technology projects, including investment in

Advanced Metering Infrastructure (AMI)

• Regulatory compliance to manage fish and

analyze impacts of potential seismic activity

• Enhancement of cyber security measures

​Our Power rates are among the lowest in the region

9

10

​Average monthly residential water bill

Assumed 6 CCF in winter @ 8 months and 9 CCF in summer @ 4 months. Historical component of Hydrant Service Fee is retired in 2019 ($1.90 per month).

$48.27 $47.64 $48.97

$- $10 $20 $30 $40 $50 Current 2019 2020

$(0.63) $1.33

​Keeping Water Rates Low

11

The 2.5% annual average rate increase recovers inflationary increases in operating and capital expenses. Operating and capital expenses in 2019 & 2020 include:

• Renewal and replacement of existing water

infrastructure

• Technology projects including investment in

Advanced Metering Infrastructure (AMI)

• Regulatory compliance and risk mitigation

​Our Water rates are among the lowest in the region

12

​What we’re doing to control our costs

• Asset and project management
• Workforce planning and development
• Efficiency improvement projects
• Enhanced safety program

13

​What you can do to control your utility costs

​ Our energy and water conservation programs can help save the amount you use and lower your bill We offer zero-interest loans to help you manage the costs for your energy efficiency home improvements We support low-income customers through utility bill payment assistance and energy conservation programs ​Customers can also enroll in Budget Billing

14

​Want more info?

​

Visit t our ur websit ebsite: e: MyTP TPU.org/ .org/Rat Rates es

• Information about our rates
• Updated public comment dates
• Links to conservation information
• Links to bill assistance information

​

15